Navigating the Challenges of Data Security in Big Business

Laveta Brigham

Are you looking for a way to protect better the data you’re storing, sharing, or analyzing? You should take a closer look at some of the most common challenges companies face with data security. This article covers a few of them, including choosing a reliable and secure third-party vendor, developing […]

Navigating the Challenges of Data Security in Big Business

Are you looking for a way to protect better the data you’re storing, sharing, or analyzing? You should take a closer look at some of the most common challenges companies face with data security. This article covers a few of them, including choosing a reliable and secure third-party vendor, developing a strategy for addressing these challenges, and protecting sensitive information through its lifecycle.

Protecting sensitive information throughout its lifecycle

One of the big business trends is that a robust data protection procedure is essential to minimizing the harm a data breach brings. Whether it’s stored in the cloud, on-premises, or on mobile devices, data must be protected in three dimensions: availability, integrity, and confidentiality.

Ensure the security of your sensitive data by implementing best practices. Let’s start by identifying your data needs. If you store sensitive information in the cloud, you’ll need to employ robust encryption technology to prevent unauthorized access. Next, place how it moves around your organization. It will give you an idea of the vulnerabilities that might exist.

Protecting your data can be challenging. It is crucial to identify all places where your sensitive data moves and who has access to it. Many different stakeholders need to have access to your valuable data. The more you know about how your data moves, the better you’ll be able to assess the potential security risks.

Creating a strategy to manage data security concerns and challenges

One of the hottest sectors in the IT sector is data security. To keep your digits safe, you must have a solid plan. A well-constructed strategy will also give you peace of mind. While the data security industry is somewhat homogenous, it’s a sizable market and a worthy challenge for any enterprise. You need to know the best practices and standards for your IT environment, from securing user credentials to monitoring network traffic.

Proper data encryption methods are the best way to protect your precious cargo. In addition, you’ll need to keep your eyes peeled for hackers and suspicious network traffic. It is especially true for highly confidential data and information you may not want to share with the wrong people. You may also need to monitor the health of your network and even employ the services of a third-party cybersecurity firm.

Choosing reliable and secure third-party vendors

If you are planning to entrust your organization to a third party, you must ensure that the vendor you choose is trustworthy and secure. Third-party vendors can introduce outside threats to your network.

Data breaches can cause devastating financial consequences and even damage your reputation. They can also cause disruptions to your operations.

Increasingly, regulatory bodies are placing pressure on companies to monitor their third parties continuously. It can be a tedious process and can be labor-intensive. Thankfully, there are tools available to help.

One tool, in particular, is called HECVAT. Using this tool, organizations can evaluate whether third parties have the appropriate policies to protect their information. In addition to assessing the security measures of their vendors, HECVAT can also provide live alerts of any security changes.

In determining how to manage your third-party relationships best, you must identify which vendors will impact your company’s operations most. It will allow you to assess their risk ratings and decide how much time to spend on their assessments.